EUR/AUD – 30M – BUY

The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline upwards

A bullish movement up to the next resistance line at 1.78091 is considered certain.

Caution: A possible change in the direction of the support zone at 1.76297 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.78091 – 1.78691 – 1.77406 – 1.76297 – 1.76453 – 1.76852 —
1.78714 – 1.78513 —
71.11952176088 – 59.845584380875 —
– —
1.78091 – 1763357400

Trading Signals: FOREX – EUR – EUR/AUD – AUD – Northern Doji – Double top chart pattern – – – –